The Decurion Corporation, owner of the six LA-area Pacific locations and 11 ArcLight locations nationwide, announced the closure in a statement. Here’s the company’s full statement: Deadline reported that Decurion has given up its leases as part of negotiations with landlords and that the announcement “doesn’t mean the chain is bankrupt.” It reported that there’s no word on whether the chain is up for sale. This was not the outcome anyone wanted, but despite a huge effort that exhausted all potential options, the company does not have a viable way forward. To all the Pacific and ArcLight employees who have devoted their professional lives to making our theaters the very best places in the world to see movies: we are grateful for your service and your dedication to our customers. To our guests and members of the film industry who have made going to the movies such a magical experience over the years: our deepest thanks. It has been an honor and a pleasure to serve you. ArcLight’s locations span both coasts and include Chicago, but the circuit’s crown jewel is the ArcLight Hollywood and attached historic Cinerama Dome on Hollywood Boulevard. The chain’s Hollywood location has been an important part of the successful launch of independent movies. For example, long before it won Best Picture, “Moonlight” opened at four theaters, including the ArcLight Hollywood. It went on to screen at 1,564 theaters at the height of its popularity.
Pacific also owns the LA-area Vineland Drive-In, which saw a surge in popularity last year as hard top theaters were closed. Pacific Theatres President and COO Ted Mundorff spoke at last year’s Film Independent Forum about why he believed moviegoing will rebound once the pandemic recedes and about the struggles independent film faces amid wheeling and dealing between studios and large circuits. Sign Up: Stay on top of the latest breaking film and TV news! Sign up for our Email Newsletters here.
